Financial Giant Standard Chartered Joins Enterprise Ethereum Alliance (EEA)

Banking giant Standard Chartered has reportedly joined the Enterprise Ethereum Alliance (EEA), a global standards organization that outlines the specifications for developing large-scale, interoperable blockchain platforms. The EEA is planning to conduct further research and development (R&D) into the latest trends involving distributed ledger technology (DLT)-based systems. As an EEA member, Standard Chartered will work … Read more

Tencent to Build Virtual Bank After Hong Kong Regulator Approves License

Chinese internet giant Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission (SFC) approved a new license. Speaking at the World Blockchain Summit in Wuzhen, China on Friday, Tencent blockchain chief Yige Cai said the company’s virtual bank received the SFC’s green-light. Moving forward, the company will assemble … Read more

How Brexit Will Affect the UK Fintech Industry? Experts Answer

Back in 2016, there was a referendum that caused Brexit, which has since been affecting all spheres of British life. Would Brexit’s effects be positive or negative for the fintech industry in the United Kingdom? We asked experts from the London Fintech Week, the U.K. in a Changing Europe, the University of Nottingham and more. … Read more

US DOE Dedicates $1.05 Mil to Blockchain Energy Management Platform

The United States Department of Energy (DOE) has awarded a grant worth $1.05 million to organizations working to commercialize a blockchain-based energy transaction platform. From energy management to energy exchange The news comes from an August 9 press release shared by energy company ComEd, one of the grant’s four reported recipient organizations. The others are … Read more

Small Housebuilder Funding Platform Clearwell Capital Launches Seedrs Round; Now Seeking £375,000 in Funding

Clearwell Capital, a UK-based company that provides funding to small and medium-sized property developers and housebuilders, is now seeking £375,000 through its equity crowdfunding campaign on Seedrs. Founded in 2010, Clearwell Capital states it is funded by banks, high net worth individuals and P2P lending… Read More The post Small Housebuilder Funding Platform Clearwell Capital … Read more

Overfunding: Property Crowdfunding Platform Assetz Exchange Quickly Surpasses £350,000 Funding Target on Seedrs

Less than a week after launching its equity crowdfunding campaign on Seedrs, Assetz Exchange, a UK-based property crowdfunding platform, has successfully secured its initial £350,000 funding target. The funding round has attracted more than 150 investors. As previously reported, Assetz Exchange describes itself as a… Read More The post Overfunding: Property Crowdfunding Platform Assetz Exchange … Read more

People’s Bank Of China Ramps Up Crypto Development

China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug. 4). PBoC hosted a video conference on Aug. 2 to discuss its priorities for the second half of 2019, saying cryptocurrencies will be closely monitored. It suggested that it should … Read more